Samsung finished the program of redeeming of own shares, which cost the company $ 10 billion

Last year Samsung announced a repurchase program of own shares in the amount of 10 billion dollars. The process had to be gradual and the company recently embarked on a fourth, final stage.

In this step Samsung were to buy General 990 000 230 000 preference shares. Prior to this, the company has managed to buy out of 5.63 million to 2.09 million of such shares, respectively.

And that source says that Samsung said that the program has been completed. It led to the increase in the cost of stock by more than 20% over the past since the start of the program period. As of September 26, Samsung shares traded for 1420 $ 1190 dollars in October 2015, when it announced the launch of the program.

Tags:
Samsung

Comment

(Visited 11 times, 1 visits today)
No tags for this post.